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Rosengren rules out return as he raises Lighthouse stake to 15%
Markets
by Jun Merrett on Feb 22, 2013 at 10:21
Former Lighthouse joint chief executive Allan Rosengren has upped his stake in the national advice group but insisted he has no intention of returning to the company.
Rosengren (pictured), who is the biggest single shareholder of Lighthouse, has bought 300,000 more shares, increasing his stake from 14.7% to 15%
'I bought around 300,000 more shares in Lighthouse a few weeks ago from the market because I believe they represent good value,' he said.
He added that he has no plans to return to the company.
Shareholders had appealed for Rosengren to take the helm as they called for former chairman David Hickey to go in the wake of the group's ill-fated attempt to delist from the AIM market. But they withdrew that resolution after Hickey resigned.
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